Buy Cummins India Ltd For Target Rs.1400 - Monarch Networth
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Cummins India Ltd
Stock has given a breakout from cup & handle pattern formation on the weekly chart. It has also taken out recent swing high which indicates further upside. Momentum indicators like RSI and Stochastics are also showing strength on the charts.
Recommendation is to Buy in the range of 1000-1100 keeping Stop loss at 850 level and Target at 1250- 1400 levels.
Buy : Cummins India Ltd : CMP: 1100 SL: 850 TARGET :-1400 TIME FRAME: 3-4 MONTHS
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